St. Paul daily globe., 1887-10-21
pronounced him insane. He will be
taken to st. Peter to-day.
ITS ANNUAL MEETING.

President Loring, of the Chamber
OF Commerce, Delivers an Ad-
dress.
AT the annual meeting of the chamber
OF commerce yesterday morning, Secre-
tary Sturtevant presented his report of
the finances of the chamber. The re-
port showed tire balance in the general
account, which concerns the running
expenses of the chamber, to be S1,9S5.-
IS; and in the permanent fund, which
includes the rentals, S26, 4S6.79. The
report of the treasurer, Wm. Powell,
accounted for S7,S59.55 of this amount,
which is in his hands. The annual adj
dress of G. NJ. Loring followed. He
said:
In fultillment of my duty am called upon
to report to you at this annual meeting a
synopsis of the business of the chamber for
the past fiscal year, the details of which Will
be found in the reports of the secretary and
treasurer, whose reports are gratifying evi-
dence or continued and increased prosperity.
had the pleasure at the last annual meeting
of congratulating you upon the highly salts
factory condition of the affairs of this cham
Der, and assure you it is with much more
pleasure that l say today that our anticlpa-
tons OF greater success have been more than
realized and that the prospects for the future
of the chamber and of the city were never
brighter than at the present time. Each an
nual report shows largely increased busi-
ness over the previous year, and each year
gives evidence of Il wider influence i'll the com
mercial affairs of the country. BY united
efforts and careful consideration of all ques-
tions affecting the grading of wheat and
other grain, transportation and terminal
facilities, and the settling of differences be.
tween members, the decisions and recon-
mendationS of this chamber will be respected
and sought for by all who are interested in
the just and equitable settlement of the i'm
portant questions that will arise in every
commercial body. The few questions that
have been referred to the committee of arbi-
tration during the past year indicate a high
standard of commercial integrity, which
should be the pride of every member of
chamber are in a most satisfactory con-
dition. At the close of the fiscal
year ending Oct l, there were in
600. The building is i'll good repair, all the
rooms are rented, and it is believed that the
sinking fund will be largely increased during
the present year. The business of the cham
Der for the past year shows a gratifying in
crease both i'll shipments and receipts of
wheat and coarse grain and i'll shipments of
flour. The total amount of wheat received
was 39,27S, $50 bushels, against 80, 1863
were 10, 7S3. $50 bushels against 1925, go
bushels in 1856. A large portion of wheat
was shipped direct to mills in Penn
sylvania and New York, and
this business is rapidly increasing, showing
conclusIvely that Minneapolis is fast becom-
ing us well known as a great wheat market
as at present it is known as great flour
market. During the month of September the
receipts of wheat were 3607, $40 bushels,
being the largest since Minneapolis has been
wheat market The shipments of flour for
the current year reached the large amount of
6,059,9S6 barrels, against 3,42S, ,5S1 barrels
in 1886. and it is gratifying to know that the
result of this large business has been sat
isfactory to the millers. The general
business of the city is in very pros
porous condition and the shipment of man
ufactured articles and merchandise is con-
tinually on the increase. The shipment of
merchandise shows an increase for the
month of August alone of more than 1O,0O9,-
600 pounds above the corresponding month
of 1886 and the report of the bank clear
ings gives evidence Of steady and increasing
prosperity in all branches of business. Per-
nit me in closing to thank you for the honor
conferred upon me by a unanimous re-elec-
ton and to assure you that my interest in
the welfare of this chamber will continue
unabated.